Shares of GNG Electronics made a strong debut on the bourses on Wednesday, July 30, 2025 and listed at nearly 50 per cent premium over the issue price. The listing surpasses the grey market premium (GMP) estimates, as the unlisted shares of the company traded nearly 38 per cent above the IPO price, according to Investorgain. The share of GNG Electronics listed at Rs 355 on the NSE, representing a jump of 49.79 per cent over its issue price of Rs 237 apiece.
On the BSE, the counter of GNG Electronics started trading at Rs 350, a premium of 47.68 per cent. The stock gained post-listing and touched a high of Rs 364 before dropping to a low of Rs 325.35. Last seen, it was trading at Rs 328.75, with a loss of 6.07 per cent from the opening price.
The company's market valuation stood at Rs 3,746.42 crore.
Earlier, GNG Electronics' initial public offering received a good response from investors and got 146.90 times subscription on the closing day of the share sale on Friday. The subscription saw strong participation from institutional buyers.
Good Response From Investors
The Rs 460.43-crore IPO fetched bids for 2,08,43,32,446 shares against 1,41,88,644 shares on offer, as per NSE data.
The Qualified Institutional Buyers (QIBs) category received a huge 266.21 times subscription, while the quota for non-institutional investors attracted 226.45 times subscription. The portion for Retail Individual Investors (RIIs) got subscribed 45.32 times.
Raised Rs 138 Crore From Anchor Investors
GNG Electronics on Tuesday raised Rs 138 crore from anchor investors. The price band for the initial public offering (IPO) was Rs 225-237 per share.
The IPO was a combination of a fresh issue of equity shares aggregating to Rs 400 crore and an offer for sale (OFS) of 25.5 lakh equity shares by promoters worth Rs 60.43 crore at the upper end of the price band.
GNG Electronics is one of the leading refurbishers of laptops and desktops with a significant presence across India, the US, Europe, Africa, and the UAE.
The company operates under the brand 'Electronics Bazaar', with presence across the full refurbishment value chain from sourcing to refurbishment to sales, after-sale services and providing warranty.
Motilal Oswal Investment Advisors, IIFL Capital Services and JM Financial are the book-running lead managers to the issue.
(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
